Dow Elevator Trading System

nkruger

Established member
855 76
al-motor said:
Thanks for that and good luck.

Keep us updated.

Al
Quick update. An absolutely perfect Dow Elevator trade today. Opened (short) at 6.10pm @12556 and we now at 12433 (7.45pm) and still watching the RED screen. Happy days....

Nick. :cheesy:
 

nkruger

Established member
855 76
And....... closed at 12425 @ just after 8pm as the the Dow was going over the 9sma (2 min chart) for a gain of 131 points. Quite pleasing as my target for the whole of January is only 100 pips !!

I must reiterate that I've no connection to the writer & publisher of this system, but I do think, as I've said before, it is a workable system if you stick to the rules, read and re-read the manual constantly and then use its methodologies to develop a trading syle of your own.This has taken me about 4 months to get were I am today. QWell worth the initial investment. It really does give an insight to the way the Dow works.

Nick
 

Trader333

Moderator
8,655 981
There is plenty of time to turn your +131 into a negative figure by the end of January as one trade does not make a system


Paul
 

nkruger

Established member
855 76
Trader333 said:
There is plenty of time to turn your +131 into a negative figure by the end of January as one trade does not make a system


Paul

Forgive my exuberance Paul,but it was good to 'bag' a nice trade so early in the month. I have found that when that happens it is better to just watch the market for a couple of days and not to trade. I believe this is taught in a few trading books as well ? This is quite easy for me to do this time as my wife has booked a 5 day holiday for us coinciding with the Non Farm Payrolls announcement on Friday ( A good monthly wage earner) How did that happen !! Bless her...

As you so rightly proclaim, one trade does not make a system, but the Dow Elevator manual does explain how to trade the Dow on volatile days like yesterday. I think it is important for people to read about successes as well as the downside of 'paid for' systems, and they can then have a more rounded view.

Nick
 

brownie3

Junior member
45 1
Hi Nick, I'm interested in trading the Dow and have had an email advertising this Dow system. He mentions that there is a spreadbet firm that offers a 1 pip spread on the Dow, can you reveal which spreadbet firm that is and does it refer to Rolliing cash or is it Futures.

Regards,

Dave
 

nkruger

Established member
855 76
brownie3 said:
Any more news on how this system is performing. BTW is it based on candle stick analysis?
No trade today - the market can't really decide where it wants to go - but I've managed 248 pips this month so far. I must admit I have adapted the system a bit (which is suggested in the DETS manual) so I've been more successful than I was in Nov/Dec. Haven't had a losing trade so far in January. I do find myself reading at least part of the manual every day, it is a bit 'deeper' than you realise on the initial reading. Not based on Candlestick trading analysis. Can't remember how much the course was now - I actually purchased it a while ago and did nothing 'til Nov '06 - but I am very pleased with the results so far.

Nick
 

brownie3

Junior member
45 1
Thanks for your reply Nick. The course is £297 and it does seem as though it is worth it judging by your comments. On his web page he states that you can start using and profiting with this system immediately so I presume that it is fairly simple to use and understand. He also states that the minimum pips the system generates is 10 with the maximum being 40 but as you have proved, it can be a lot more.

Please keep us posted on your results and even any adjustements you make that might enhance its effectivness in gaining pips.

Many thanks,
Dave
 

nkruger

Established member
855 76
Hello Dave

I believe you could start immediately if you were up to speed already with trading the Dow/Spreadbetting etc., but if you were a novice to the markets it may take month or so. I'm naturally cautious so I paper traded for 2 months while I got 'into' the methodology and now I'm trading for real @ 1p per pip with Finspreads. The minimum target for a trade is indeed 10 points but I have had occasions were I've just managed 2 or 3 before the market turns, but the manual explains the working of the Dow so well that you can forsee what's going to happen. I would say the norm is probably 20-30 pips per trade. I suppose £297 is about average for a system that works, judging by what else is available on the web... Will keep you posted.

Nick
 

nkruger

Established member
855 76
brownie3 said:
Hi Nick, I'm interested in trading the Dow and have had an email advertising this Dow system. He mentions that there is a spreadbet firm that offers a 1 pip spread on the Dow, can you reveal which spreadbet firm that is and does it refer to Rolliing cash or is it Futures.

Regards,

Dave

Hi Dave, concerning you question re. a 1 pip spread on the Dow, I've copied/pasted the following from one of DowDecoded's many emails to me. (There are helpful emails sent out to members every week)

"For information on where you can open up an account
with a 1 point spread and receive up to £250 cash
back on any trading losses, please use this link:
http://www.dowdecoded.com/worldspreads"

Not sure if it's Rolling or Futures, have a look.

Looking like an interesting day's trading today so far, I'm short from 12609 - looking promising !!

Nick.
 

nkruger

Established member
855 76
nkruger said:
Hi Dave, concerning you question re. a 1 pip spread on the Dow, I've copied/pasted the following from one of DowDecoded's many emails to me. (There are helpful emails sent out to members every week)

"For information on where you can open up an account
with a 1 point spread and receive up to £250 cash
back on any trading losses, please use this link:
http://www.dowdecoded.com/worldspreads"

Not sure if it's Rolling or Futures, have a look.

Looking like an interesting day's trading today so far, I'm short from 12609 - looking promising !!

Nick.

Just closed that trade (@ 15:23) at 12567 for a nice 42 pips profit. It may still go lower but I have learnt to be happy with your original target. Going for a long walk across the fields in the wind now........

Nick
 

brownie3

Junior member
45 1
Well played, the greed factor can play havoc with your overall strategy. Regards the 1 pip spread, I have an account with world spreads and sure enough they give a 1 pip spread on the Futures rolling contract. This can be traded in the same way as the daily rolling contract so long as you close it by the end of the day. Great stuff. Enjoy your windy stroll Nick :)
 

rfdevoe

Junior member
18 1
nkruger said:
Just closed that trade (@ 15:23) at 12567 for a nice 42 pips profit. It may still go lower but I have learnt to be happy with your original target. Going for a long walk across the fields in the wind now........

Nick
hi my name is bob de voe and i have been reading your posts regarding the dow elevator system. are you still pleased with the system ? also since i am in the us i would be trading the e-mini dow futures. would you assume the success would be close to the success that you have experienced. thank you-bob [email protected]
 

nkruger

Established member
855 76
rfdevoe said:
hi my name is bob de voe and i have been reading your posts regarding the dow elevator system. are you still pleased with the system ? also since i am in the us i would be trading the e-mini dow futures. would you assume the success would be close to the success that you have experienced. thank you-bob [email protected]

Hello Bob, yes still very pleased with the system. There are many parts to it, and I have adapted one of those to suit my day. You can, if you wish, be busy for 12 hours a day if you trade ALL the strategies outlined in the course manual. Concerning e-minis, in the UK once your 'pot' goes over c. £10,000 you are unwise to spreadbet anyway, so e-mini futures is the next logical step, so yes, I would say you will be as successful (if not MORE) using whatever instrument you choose. By the way, as of last Friday ( 19th ) I am 290 pips ahead, with no losses yet, for the month.

Nick.
 
 
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